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RETIREMENT VILLAGES ACT 1999 - SECT 237A Exit fees

RETIREMENT VILLAGES ACT 1999 - SECT 237A

Exit fees

237A Exit fees

(1) This section applies if, before the commencement of this section—
(a) a resident had ceased residing in an accommodation unit; and
(b) the resident had not paid the exit fee under the residence contract to the scheme operator.
(2) For calculating the exit fee the resident may be liable to pay to, or credit the account of, the scheme operator, section 15 and any relevant definitions, as in force immediately before the commencement, continue to have effect.